MBME GROUP Private Joint Stock Company

Logotype for MBME GROUP Private Joint Stock Company
Ticker/ISIN
MBME
AEE01201M235
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates

About MBME GROUP Private Joint Stock Company

MBME Group was established as the UAE’s first fully integrated online payment platform providing payment collection and aggregation services to UAE government entities, private sector businesses, and retail customers. MBME operates under the patronage of the Abu Dhabi Government. Since its inception, the Company invested significantly in developing and upgrading its payment platform and has now processed more than 90 million transactions, involving over 3.2 million customers of which more than 1.2 million are active users, with annual gross revenues of more than USD1 billion. MBME operates more than 4,000 touch points across all seven of the UAE’s Emirates (operated both directly and indirectly) and has developed more than 650+ application programming interfaces (“API”). The Company’s services are used by customers across multiple sectors of the economy including telecommunications, utilities, transport, government, gaming, entertainment, aviation, travel international money payments, and transfers

Latest Pressrelease Summaries from MBME GROUP Private Joint Stock Company

MBME Pay, a payment services provider and part of the MBME Group, has signed an agreement with the National Bank of Fujairah (NBF), a public joint stock company listed on the Abu Dhabi Securities Exchange since 2005. The National Bank of Fujairah operates in the banking sector with a focus on diversified banks. The agreement aims to leverage MBME Pay's digital solutions and omni-channel capabilities to reach a larger customer base and enhance service levels. This partnership is considered a significant step in the development of MBME Group.
MBME Pay Payment Services Provider, a subsidiary of MBME Group, has signed an agreement with Ruya Community Islamic Bank L.L.C., a digital-first Islamic bank in the UAE. The partnership aims to utilize digital services to enhance customer satisfaction and meet expectations while keeping up with digital advancements. This collaboration marks a significant step forward for MBME Group.
MBME Pay Payment Services Provider, part of the MBME Group, has signed an agreement with Abu Dhabi Islamic Bank (ADIB), one of the largest banks in the UAE. This partnership aims to leverage secure payment solutions and comprehensive channels provided by MBME to maintain high service levels and keep up with digital advancements. This collaboration marks a significant step in MBME Group's growth and is the beginning of more future projects.
The UAE Pro League, in partnership with MBME Group, has launched an AI-powered digital platform aimed at transforming engagement in football. This platform offers advanced features to personalize fan experiences, enhance club operations, and streamline management processes. Key components include Digital FanGate for tailored fan interactions, ProWare for digital content and educational resources, ProFlow for club management and analytics, and advanced payment solutions. Additionally, the platform includes e-commerce capabilities for club merchandise and tickets. This initiative aligns with the Pro League's strategy to integrate AI and digital advancements in football by 2030.
MBME Group P.J.S.C., based in Abu Dhabi, United Arab Emirates, has released the auditor's review report on its condensed interim financial information for the period ending June 30, 2024.
The General Assembly Meeting of M B M E GROUP P.J.S.C. was held on Thursday, April 4, 2024, at the company headquarters in Abu Dhabi. The meeting was chaired by H.E. Mr. Ali Mohamed Saeed Albadi Aldhaheri and attended by four board members. The total attendance was 88.86% of the capital. The meeting resulted in the approval of a 10% bonus shares dividends distribution and an amendment to the AOA to reflect the capital increase. The annual report on the company's activities and financial position for the financial year ended on 31 December 2023 was also approved. The external auditor's report and the financial statements and profit and loss account for the same financial year were discussed and approved.
MBME Pay Payment Services Provider, a subsidiary of MBME Group, has signed an agreement with Blue Rewards Single Person Company, part of Al-Futtaim Group. The partnership aims to leverage MBME's digitization services to enhance customer satisfaction and meet their needs. This move is part of MBME Group's expansion plan.
The text is an invitation to the Annual General Assembly meeting of the MBME Group P.J.S.C. The meeting is set to take place on Thursday, April 04, 2024, at 3:00 pm at the company headquarters or virtually for all shareholders. The invitation and the approved agenda for the General Assembly meeting are attached. The invitation is signed by Abdelhadi Mohamed, the MD & Group CEO. The MBME Group is based in Abu Dhabi, UAE.

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News Update From MBME GROUP Private Joint Stock Company

Disclosures: MBME GROUP Private Joint Stock Company By Circulation of Board Meeting to be held on 22/12/2023 at 15:00

The MBME Group, located in Villa A14, Marina Village, Abu Dhabi, has announced a Board of Directors meeting scheduled for 22nd December 2023. The meeting will be held at 3:00 pm to discuss and approve the budget for 2024 and the appointment of the board secretary. The information was disclosed by the MD & Group CEO, Abdelhadi Mohamed.

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News Update From MBME GROUP Private Joint Stock Company

Disclosures: MBME GROUP Private Joint Stock Company

MBME Pay Payment Services Provider, a company of the MBME Group, has entered into an agreement with EITC Financial Services LLC (Du Pay), one of the two main telecom operators in the UAE. The agreement aims to enable Du Pay customers to benefit from the digital services provided by MBME to enhance their satisfaction and keep pace with the digital advancements. This agreement is considered a significant milestone in the evolution of the MBME Group.

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News Update From MBME GROUP Private Joint Stock Company

Disclosures: MBME GROUP Private Joint Stock Company

MBME Group P.J.S.C. has announced the appointment of Mrs. Briseida Sinaj as the new Group Chief Financial Officer (CFO). Mrs. Sinaj holds a Master’s Degree in Finance Accounting and is a member of the CMA from the International Management Accounting organization. With 15 years of experience across various industries, she has a proven track record in improving financial performance and strategy. She will be working with the existing MBME Executive Management team to ensure the development of the company's plans and continuity of its engagements.

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News Update From MBME GROUP Private Joint Stock Company

Disclosures: MBME GROUP Private Joint Stock Company

MBME Pay, a payment services provider and part of the MBME Group, has signed an agreement with Axiom Telecom, a large mobile phone retail company. The agreement aims to leverage the digital solutions and comprehensive channels offered by MBME Pay to reach a larger customer base and improve the level of services provided to customers. This partnership is a significant milestone in the evolution of MBME Group. The letter was signed by Abdelhadi Mohamed, MD & Group CEO of MBME Group.

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News Update From MBME GROUP Private Joint Stock Company

Disclosures: MBME GROUP Private Joint Stock Company General Press Release

MBME Group has signed a collaboration agreement with the Abu Dhabi Chamber of Commerce and Industry (ADCCI). The agreement is aimed at providing digital solutions, innovative technology services, and sustainability-focused APIs. The collaboration will focus on strategic partnerships, advisory and consultations, and strengthening relationships with the Environment Agency, Abu Dhabi, and the Ministry of Climate Change and Environment. The signing took place at the Abu Dhabi Finance Week, attended by MBME Group MD & CEO Mr. Abdelhadi Mohamed and ADDCI’s CEO His Excellency Ahmed Khalifa Al Qubaisi.

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News Update From MBME GROUP Private Joint Stock Company

Disclosures: MBME GROUP Private Joint Stock Company

MBME Group has entered into a three-year collaboration agreement with the Abu Dhabi Chamber of Commerce and Industry. The agreement aims to provide digital solutions, innovative technological services, and sustainability-related applications. It focuses on enhancing partnership and strategic consultations, strengthening relations with the Environment Agency, and the Ministry of Climate Change and Environment. This collaboration is considered a significant step in MBME Group's progression.

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News Update From MBME GROUP Private Joint Stock Company

Disclosures: MBME GROUP Private Joint Stock Company

MBME Pay, a payment services provider and part of the MBME Group, has partnered with Wasl Properties, a renowned real estate and property management company in Dubai. MBME has developed and launched a unique real estate platform that includes custom smart self-service kiosks, comprehensive software applications, and hosting services. The self-service kiosk is user-friendly and specifically designed to meet the needs of Wasl Properties. MBME is also responsible for hosting the developed applications to ensure reliable and secure access.

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News Update From MBME GROUP Private Joint Stock Company

Disclosures: MBME GROUP Private Joint Stock Company

MBME Pay Payment Services Provider, a company under MBME Group, has signed an agreement with the Department of Tourism Development in Ajman. The agreement is aimed at developing an application for Ajman Museum tickets via smart kiosks. This partnership will also allow the Department of Tourism Development to benefit from the comprehensive services provided by MBME Pay, thereby improving the level of services offered to its customers.

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News Update From MBME GROUP Private Joint Stock Company

Disclosures: MBME GROUP Private Joint Stock Company

MBME Pay Payment Services Provider, a part of the MBME Group, has signed an agreement with First Abu Dhabi Bank (FAB) to distribute the bank's government prepaid cards. This partnership aims to utilize the digital solutions and comprehensive channels provided by MBME Pay to reach a larger customer segment and improve service quality. The agreement marks a significant milestone in MBME Group's evolution.

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News Update From MBME GROUP Private Joint Stock Company

Disclosures: MBME GROUP Private Joint Stock Company Board Meeting Results held on 27/10/2023 at 10:30

The Managing Director of MBME Group PJSC, Abdelhadi Mohamed, sent a letter to the Disclosure and Compliance Section of the Abu Dhabi Securities Exchange on 27th October 2023. The letter states that the company's Board of Directors held a meeting on 26th October 2023. During the meeting, they approved the new formation of committees and their charters. They also considered and approved resolutions concerning other general internal business matters.

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